Overview

This bill amends the Telecommunications Infrastructure (Relief from Non-Domestic Rates) Bill, extending the timeframe for relief from business rates for telecommunications infrastructure. This means that certain businesses will continue to receive tax breaks for a longer period than originally planned.

Description

The amendments postpone the expiry date of business rates relief for telecommunications infrastructure. The original bill provided this relief until a certain date (implicitly before April 1st, 2022). These amendments change this date to April 1st, 2022, and allow for its further extension by regulations. The amendments apply to various clauses within the original bill, consistently shifting the cut-off date for relief. Specifically, clauses 1, 2, and 3 are amended to include a new April 1st, 2022 deadline for the relief, with a mechanism allowing the relevant national authority to extend this date by further regulations. Finally, the Schedule introduces a new clause that requires any regulations extending the relief to be approved by the relevant parliamentary body (Parliament or the National Assembly for Wales).

Government Spending

The amendments will increase government spending by extending the period of business rates relief for telecommunications companies. The exact financial impact is not specified in the bill itself, and would depend on the number of companies benefiting from the relief and the length of any future extensions.

Groups Affected

• Telecommunications Companies: These companies will benefit from the continued relief from business rates, potentially reducing their costs and supporting investment in infrastructure.
• UK Government: This will face increased expenditure due to the extended tax relief.
• Local Authorities (LAs): They will receive less money in business rates revenue due to the extended relief.

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